RIO2 ANNOUNCES RECEIPT OF US$50 MILLION FROM WHEATON PRECIOUS METALS

Rio2 Limited has successfully completed a significant financing milestone by receiving the fourth and final deposit payment of US$50 million from Wheaton Precious Metals International Ltd. This payment concludes a multi-stage funding arrangement that has been unfolding since late 2021, with previous announcements spanning from November 2021 through July 2025.

The completion of this US$50 million payment represents the culmination of an amended and restated precious metals streaming agreement with Wheaton Precious Metals, one of the world's largest precious metals streaming companies. Such arrangements typically provide upfront capital to mining companies in exchange for the right to purchase a percentage of future precious metals production at predetermined prices.

For Rio2, this financing completion provides substantial capital that can be deployed toward advancing its mining operations and development projects. The multi-year timeline of this agreement demonstrates the long-term strategic partnership between Rio2 and Wheaton, while also highlighting the sustained confidence Wheaton has in Rio2's precious metals assets and operational capabilities.

The successful conclusion of this streaming agreement positions Rio2 with significant capital resources while providing Wheaton with exposure to Rio2's precious metals production profile, representing a mutually beneficial arrangement that has reached its planned completion.